
Sabine Lautenschläger: Risk reduction in the euro area - how low can you go?
By Bank for International Settlements (BIS)
In this 2018 contribution, Sabine Lautenschläger argues that the Eurozone's stability depends on a self-reinforcing cycle of "reducing risks" and "growing closer together." She positions the European Banking Union as the engine of this integration, highlighting the transition from 19 fragmented national frameworks to a single, harmonized Supervisory Review and Evaluation Process (SREP) for the…
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